The basis is your Federal net taxable income with certain adjustments. Social Security benefits are exempt from NC State Income Tax. Benefits received by retirees of the state of NC and its local governments are exempt. Benefits of retirees of the US Government (including military) are exempt IF the retiree had five or more years of service as of August 12, 1989. The Estate Tax has been repealed.

State income tax rates for 2017 were: 5.49%.

State income tax rates for 2018 are: 5.75%.

Corporate income tax rate is: 3%.

Sales tax is: 6.75% in Craven and most surrounding counties.

New Bern Area Real Estate Tax Rates:

Per $100 of value: Craven County $.5394; City of New Bern $.46; Bridgeton $.50; Havelock $.713; River Bend $ .3105; Trent Woods $.17;

Jones County $.756 and Pollocksville $.756.

Craven County

$540.00

City of New Bern*

$1,000.00

Bridgeton*

$960.00

Havelock*

$713.00

River Bend*

$770.00

Trent Woods*

$630.00

Jones County

$756.00

Pollocksville*

$756.00

* Represents County and City/Town Taxes combined.

There are no “school taxes” in addition to the above real estate taxes.

Homes are not generally re-evaluated at the time of sale. Homes are currently re-evaluated every 6-8 years in Craven County. Our last evaluation was in 2016.

This information is believed to be accurate. Please direct any specific questions regarding taxes to an accountant. I will be happy to provide the names of several you can call.